European Union: Agri-food exports rise 1.4% in 2020, surplus advances 3% compared to 2019

Published 2021년 3월 31일

Tridge summary

The European Union (EU) saw a 1.4% increase in agri-food exports in 2020, reaching 184.3 billion euros, despite a 0.5% rise in imports, totaling 122.2 billion euros. The trade surplus for the year increased by 3% to 62.1 billion euros. The main destinations for EU food exports were China, Switzerland, the Middle East, and North Africa. However, exports to the United States, Turkey, and Singapore saw a decrease in volume. The European Commission's report also highlighted an increase in sales to the United Kingdom and Canada, while noting a decrease in export values for various products including spirits and liqueurs, wine, hides, raw hides, and cotton.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By Marcela Guimarães São Paulo, 03/31/2021 - Agri-food exports from the European Union (EU) grew 1.4% in 2020 compared to 2019, reaching 184.3 billion euros (US $ 216.32 billion), informed the European Commission on Wednesday. Imports also rose to 122.2 billion euros (US $ 143.43 billion), an increase of 0.5% on the same basis of comparison. As a result, the resulting trade balance for 2020 was a surplus of 62.1 billion euros (US $ 72.78 billion), an increase of 3% compared to 2019. China, Switzerland, the Middle East and North Africa were the main destinations of food exports, responsible for the growth of agriculture in the European bloc last year. Only in relation to China, the value of exports increased by 3.22 billion euros (US $ 3.77 billion) compared to 2019, driven mainly by pork, wheat and infant food production. Grains and dairy products drove increases for the Middle East and North Africa (Mena) region, in particular for Saudi Arabia, Algeria and Morocco. However, the ...

Source: Broadcast